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This submission is a Stand Alone Instructional Resource (StAIR). This StAIR is designed for a high school level economics...
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This submission is a Stand Alone Instructional Resource (StAIR). This StAIR is designed for a high school level economics classes. It is in alignment with the Michigan grade level content expectations for economics. E1.3.1:Law of Supply – Explain the law of supply and analyze the likely change in supply when there are changes in prices of the productive resources (e.g., labor, land, capital including technology), or the profit opportunities available to producers by selling other goods or services, or the number of sellers in a market. E1.3.2:Law of Demand – Explain the law of demand and analyze the likely change in demand when there are changes in prices of the goods or services, availability of alternative (substitute or complementary) goods or services, or changes in the number of buyers in a market created by such things as change in income or availability of credit. The lesson is a great way for students to learn or reinforce prior learning with the concepts of changes in supply vs changes in quantity supplied as well as changes in demand vs changes in quantity demanded. Instead of using just text to illustrate these concepts this StAIR uses numerous graphic illustrations and charts to visually represent the concepts of changes in supply, quantity supplied, demand, and quantity demanded. These concepts are visually illustrated to show how they affect supply and demand curves. A really beneficial aspect of the StAIR is that students are continuously assessed on their understanding of content and must learn one concept before moving on to the next. The StAIR is designed to achieve student mastery of the content and I really love that aspect of the design.

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